Chexsystems reporting is more cut and dried. When you review a report, look for incorrect amounts owed, dates, account numbers and identifying information. Also, if you were incorrectly reported for "fraud", dispute and send a 623 letter to the financial institution. **Although they remove negatives after 5 years, FCRA reporting guidelines still apply regarding the DOFD.
Getting removals is more challenging, but should always start with a goodwill negotiation with a manager or executive of the reporting bank. If efforts are not successful, maintain non-Chex primary and backup accounts.
**If you pay amounts owed on your report, the entry should update to a paid status. Some banks or credit unions will approve with paid accounts.
Edited by tmcgill, 04 December 2017 - 12:58 PM.